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Mortgage Market Update
Tanner Floyd
Tanner Floyd
Saturday, October 31, 2026
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How much is your home actually worth to you? |
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Hi there. One of the best parts of owning a home is watching your stake in it grow over time—and that growth might open doors you haven't considered yet.
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National Mortgage Rates · October 29, 2026
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Conventional 30-Year
7.15%
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Source: Optimal Blue daily mortgage indices via FRED
Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Building
Your home is working harder than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this becomes real wealth. But equity does more than sit there. If you've been in your home for a few years, you may have accumulated enough to tap into for major expenses, home improvements, or other financial needs. The sooner you understand how much equity you have and what you might do with it, the sooner you can put it to work for you. Whether you're curious about what's possible or ready to explore your options, I'd love to walk you through the numbers. Let's talk about how much equity you've built and what it means for your financial picture.
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Tip of the Week
Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.
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Tips for Homeowners
Co-Signing a Mortgage: What You're Really Agreeing To
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1.
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Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.
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2.
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The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.
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3.
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There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Tanner Floyd team any time and we'll walk you through your options. |
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